Inter Action (Inter Action) Days Payable : 36.99 (As of Feb. 2024)

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What is Inter Action Days Payable?

Inter Action's average Accounts Payable for the three months ended in Feb. 2024 was $3.01 Mil. Inter Action's Cost of Goods Sold for the three months ended in Feb. 2024 was $7.42 Mil. Hence, Inter Action's Days Payable for the three months ended in Feb. 2024 was 36.99.

The historical rank and industry rank for Inter Action's Days Payable or its related term are showing as below:

IACYF' s Days Payable Range Over the Past 10 Years
Min: 15.92 Med: 46.64 Max: 53.61
Current: 39.99

During the past 13 years, Inter Action's highest Days Payable was 53.61. The lowest was 15.92. And the median was 46.64.

IACYF's Days Payable is ranked worse than
78.15% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs IACYF: 39.99

Inter Action's Days Payable declined from Feb. 2023 (41.62) to Feb. 2024 (36.99). It may suggest that Inter Action accelerated paying its suppliers.

Inter Action Days Payable Historical Data

The historical data trend for Inter Action's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Inter Action Days Payable Chart

Inter Action Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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44.10

48.40

47.34

51.26

50.76

Inter Action Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															41.62	37.68	37.58	55.55	36.99

Competitive Comparison of Inter Action's Days Payable

For the Electronic Components subindustry, Inter Action's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Inter Action's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inter Action's Days Payable distribution charts can be found below:

* The bar in red indicates where Inter Action's Days Payable falls into.

Inter Action Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Inter Action's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (3.846	+	3.319)	/	2 )	/	25.76	*	365
=	3.5825					/	25.76	*	365
=	50.76

Inter Action's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (2.904	+	3.109)	/	2 )	/	7.416	*	365 / 4
=	3.0065					/	7.416	*	365 / 4
=	36.99

Inter Action Days Payable Related Terms

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Inter Action (Inter Action) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inter Action Corp (OTCPK:IACYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7725:Japan

Address

1-1, Fukuura, Kanazawa-ku, Yokohama-shi, Kanagawa-ken, JPN, 236-0004

Website

http://www.inter-action.co.jp

Inter Action Corp is engaged in IoT related business, environmental energy business which include drying and deodorizing equipment for exhaust gas treatment equipment, and industry 4.0 promotion project which include precision anti-vibration device, 3D modelling design, and gear testing machine.

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